UK-based insurtech Wrisk has secured investment from German insurer Allianz as part of its recently announced Series B funding round. The additional capital comes on top of the £12 mn raise disclosed in July.
The round was led by Alma Mundi Ventures and Opera Tech Ventures. With Allianz joining, Wrisk’s investor base now also includes the venture arm of BNP Paribas, along with QBN and Volution.
The size of Allianz’s contribution remains undisclosed.
According to the company, the investment strengthens Wrisk’s position as a technology partner for automotive original equipment manufacturers pursuing integrated, data-driven insurance models.
OEMs, according to Beinsure analysts, are narrowing their insurer relationships and pushing for deeper technical coordination.
Capital from the Series B round, including Allianz’s participation, will support Wrisk’s international expansion and further development of its data science and analytics capabilities.
The focus stays firmly on scaling platforms rather than broad consumer marketing.
Wrisk chief executive Nimeshh Patel framed the deal as strategic validation. Allianz’s backing supports Wrisk’s approach to connecting insurers and OEMs through shared data infrastructure.
As manufacturers seek fewer insurance partners, the ability to pair OEM relationships with advanced data systems matters more, not less.
Allianz has acted as Wrisk’s primary underwriter for close to a decade. Its decision to invest carries weight for Wrisk’s expanding OEM client base, many of whom are restructuring insurer partnerships around long-term collaboration rather than transactional cover.
Wrisk’s platform supports insurer cooperation across data enrichment, risk selection, and pricing. The system pulls real-time signals from insurance data, vehicle systems, financial records, and behavioural inputs.
Those feeds inform pricing logic, claims handling, and customer engagement workflows.
Ulf Lange, managing director for personal lines at Allianz UK, described Wrisk’s platform as operating at the intersection of insurance, data, and automotive technology. He pointed to close OEM ties and data-driven execution as areas aligned with Allianz’s strategic direction.
Wrisk has built a compelling platform at the intersection of insurance, data and the automotive sector.
Ulf Lange, Allianz UK personal lines managing director
“Its close relationships with OEMs and focus on data-driven insurance solutions align closely with Allianz’s strategic priorities, and we are pleased to support Wrisk as it continues to scale its business and capabilities,” Ulf Lange added.
At the platform’s centre sits Wrisk’s embedded data framework built for automotive OEMs. It connects inputs from connected vehicles, telematics, transaction histories, and customer interactions.
Machine learning models sit on top, adjusting as vehicle technology shifts, customer behaviour changes, and market conditions move.
